reflects the district’s participation in the diverse Oakland County and Metro Detroit statistical

area economy, strong income as measured by media household effective buying income, very

strong general fund reserves and low overall debt burden.

Moody’s Investor’s Service affirmed the “A1” general obligation rating of the district and

removed the negative outlook previously assigned to the rating.

The improved rating was due in

part to “an improved financial position following the implementation of significant expenditure

reductions to offset a continuous trend of enrollment declines.”

The district also won the Association of School Business Officials International’s Certificate of Excellence in Financial Reporting Award for the 34th consecutive year for excellence in accounting practices, Cook-Robinson said.